Compute the schedule variance and cost performance index, Operation Management

Assignment Help:

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 63% complete. The planners were only expecting to be 52% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,422,000 and it was done for only $1,302,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,502,000 but was actually done for $9,002,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,502,000. To date they have spent $5,002,000 on the superstructure.

Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)


Related Discussions:- Compute the schedule variance and cost performance index

Explain instituting formal performance appraisal, What are some prerequisit...

What are some prerequisite conditions that must exist before instituting formal performance appraisal?

Explain the way of clear communication, On a recent trip to India, Mr. Yang...

On a recent trip to India, Mr. Yang, a prominent Chinese executive, dined with his client Himanshu Jain. Mr. Yang commented that the food was spicy, which Mr. Jain interpreted as a

Explain wrong dimensions and unevenstitches, Jim's Outfitters, Inc., makes ...

Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or dec

Explain the first stage in the new-product process is, The first stage in t...

The first stage in the new-product process is idea generation. screening and evaluation. business analysis. new-product strategy development. concept testing.

Describe how the marketing mix differs for each segment, Select an everyday...

Select an everyday product (personal fitness training, CDs, dog food, cell phones, shoes for example). Show how different versions of your product are aimed toward different market

Explain what were the legal issues in the case of lewis, What were the lega...

What were the legal issues in the case of Lewis v. Heartland Inns of America and what did the court decide?

List causes of the bullwhip effect, Question : (a) The Volume-Variety ...

Question : (a) The Volume-Variety characteristics in any business operations directly influence the layout and the flow of transformed resources. Discuss the four possible ty

Explain binomial or poisson distribution, Identify a real-life example or a...

Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met. Suggest reasonable values for

How can controlling asist a manager to become more efficient, How can contr...

How can controlling help a manager to become more efficient?

Tqm, benefit from total quality management in operations management

benefit from total quality management in operations management

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd